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Sunday, 24 June 2018

Issuer Awards 2017

Issuer and Financial Issuer: Banco Santander

Issuer and Financial Issuer: Banco Santander

IFR Review of the Year 2017

Facing one of the largest funding programmes of any European bank, Banco Santander needed to show more than a touch of creativity to keep on track. For managing a complex global issuance programme across a web of different entities – with a €7.1bn rights issue thrown in for good measure – Santander is IFR’s Issuer and Financial Issuer of the Year.

Bond Awards 2017

Euro Bond House/Europe Investment-Grade Corporate Bond House: BNP Paribas

Euro Bond House/Europe Investment-Grade Corporate Bond House: BNP Paribas

IFR Review of the Year 2017

Building on an already impressive track record, BNP Paribas maintained its standing in the single currency and once again helped navigate corporate clients through their fundraising initiatives. BNP Paribas is IFR’s Euro Bond House and Europe Investment-Grade Corporate Bond House of the Year.

Structured Finance Awards 2017

EMEA Structured Finance House: Bank of America Merrill Lynch

EMEA Structured Finance House: Bank of America Merrill Lynch

IFR Review of the Year 2017

Bank of America Merrill Lynch moved to the top of the European securitisation market in 2017 by selling the broadest array of structured finance deals, while pioneering innovative structures. It is IFR’s EMEA Structured Finance House of the Year.

Emerging Markets Awards 2017

Emerging EMEA Bond House: JP Morgan

Emerging EMEA Bond House: JP Morgan

IFR Review of the Year 2017

In a record year for CEEMEA issuance, JP Morgan led the way. The bank not only acted as lead manager on a greater volume of new issuance than any other bank during the awards period but it was also global coordinator on more deals, cementing its role as the region’s go-to bank. JP Morgan is IFR’s Emerging EMEA Bond House of the Year.

Loans Awards 2017

Americas Loan House: Morgan Stanley

Americas Loan House: Morgan Stanley

IFR Review of the Year 2017

Being the bank of choice when it comes to funding companies in every ratings bracket comes with hard work, consistency and expertise. For delivering tailored financings and leading game-changing transactions with a seamless approach to the M&A and financing process, Morgan Stanley is IFR’s Americas Loan House of the Year.

Derivatives Awards 2017

Credit Derivatives House: Citigroup

Credit Derivatives House: Citigroup

IFR Review of the Year 2017

For an asset class scarred by the financial crisis, 2017 proved to be a pivotal year as banks that had previously given up the credit derivatives ghost piled back in. For retaining its dominant position in flow, decontaminating the once-ignominious synthetic CDO and embracing the shift to passive investing, Citigroup is IFR’s Credit Derivatives House of the Year.

Structured Equity Awards 2017

Americas Structured Equity House: Morgan Stanley

Americas Structured Equity House: Morgan Stanley

IFR Review of the Year 2017

Continued low interest rates and liquidity in the straight debt market continue to stifle equity-linked. Competitive cost of capital requires not only more aggressive upfront pricing, but a holistic approach incorporating equity derivatives to enhance economics for issuers. Morgan Stanley met that challenge and is IFR’s Americas Structured Equity House of the Year.

Digital version

IFR+RoY+Cover+2017

The hard copy of the 2017 IFR Review of the Year is sent to all IFR magazine subscribers, but non-subscribers can view a full digital version for free by clicking here.

If you would like to order the 2017 IFR Review of the Year in hard copy, please contact gloria.balbastro@tr.com.

2017 IFR Asia Awards

IFR+Asia+RoY+Cover+2017

The IFR Asia Awards honour achievement in Asia’s capital markets. The Awards will be presented at the 2017 IFR Asia Awards Dinner, taking place on February 27 2018 at the Four Seasons Hotel in Hong Kong.

Making a difference

Making a difference

IFR Review of the Year 2017

Banks and issuers have donated more than £25.5m to Save the Children through the IFR Awards over 22 years. In 2017, IFR deputy editor Owen Wild visited projects in Ethiopia that have been beneficiaries of that support.

Loosening the shackles

Loosening the shackles

IFR Review of the Year 2017

Bankers have long complained that the rules that arose from the ashes of the financial crisis are ill-prepared at best and punitive at worst – and ultimately driven by a spirit of banker-bashing. The election of a US president with a similar view looked set to unleash a wave of creative regulatory destruction. But the early signs indicate that authorities will take a more constructive approach.

Greener pastures

Greener pastures

IFR Review of the Year 2017

Green bonds have quickly become an important piece of sustainability financing. Yet while Green loans have emerged more slowly, they have plenty to offer both borrowers and lenders – and provide options not available in the bond market. Environmentally responsible lending may finally be ready to take off in earnest.

Banks pivot to growth

Banks pivot to growth

IFR Review of the Year 2017

A reformed and reshaped global banking industry is investing for growth again. But with decent profits still elusive for some, and a host of headwinds to battle against, it’s too early to declare that happy days are here again.

Japan: a year of positive alignments

Japan: a year of positive alignments

IFR Review of the Year 2017

Growth is (relatively) strong, markets are up as a result and capital markets activity is buoyant. The return of Tepco to the bond markets and the funding dynamism of Softbank were among factors that gave bankers in Japan and those who focus on the market from abroad a certain swagger.

Brown shoe shuffle

Brown shoe shuffle

IFR Review of the Year 2017

Banks are in a fight for talent with technology, consulting and other firms, but are they ignoring too many students from poorer backgrounds? Some bankers think so, and want the net widened so they can add true diversity.

Seeing double

Seeing double

IFR Review of the Year 2017

Singapore and Hong Kong look poised to allow shares with weighted voting rights in a bid to attract more listings from the new economy. But will it change anything?

The return of the pirate ships

The return of the pirate ships

IFR Review of the Year 2017

Not so long ago it looked like the classic standalone investment bank would become a thing of the past. But with all the regulations put in place in the wake of the financial crisis, could the standalone model be poised for a comeback?

Built on sand?

Built on sand?

IFR Review of the Year 2017

Grand plans to transform Saudi Arabia’s oil-focused economy have caught the attention of every major bank over the past year. But many could be in for a long wait as they seek returns on the resources being lavished on the country.

Storm clouds in the desert

Storm clouds in the desert

IFR Review of the Year 2017

The weakness in the oil market, relative to the highs enjoyed in past years, has provided a supportive backdrop for Islamic bonds, forcing oil-rich Middle Eastern issuers to fund in the market. The market’s outlook will be determined in large part by oil’s future path, though investors will also be looking for assurances that Middle Eastern issuers honour their legal obligations.

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